Improved Cost Estimates to Boost Pumped Storage Hydropower Construction

Pumped storage hydropower is often overlooked in future grid planning efforts, in part because the cost to build a new facility is not always clear. That's why the National Renewable Energy Laboratory (NREL), along with the U.S. Department of Energy's Water Power Technologies Office, is developing improved cost estimates and cost models to reduce that uncertainty and give developers the data they need to decide where and when to construct new PSH facilities to support the country's evolving energy grid.